“How Millionaires Collect Food Stamps”

“How Millionaires Collect Food Stamps,” by Kristina Rasmussen, Wall Street Journal

“You probably assume that food stamps go to poor people only. But this policy, which the U.S. Department of Agriculture instituted during the Clinton administration, allows state food-stamp programs to grant benefits to anyone who has moderately low wage income, regardless of net worth. A family with a seven-figure bank account can be eligible for food stamps.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

To get Medicaid to pay for long-term care, you don’t even have to have low income. For details, see “How to Fix Long-Term Care Financing.”

How Millionaires Collect Food Stamps

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#medicaid
#goldencareagent